Market Overview - The cryptocurrency market capitalization has increased by 1.5% to $4.12 trillion, with 90 of the top 100 coins experiencing gains over the past 24 hours [1] - Total crypto trading volume stands at $168 billion [1] Performance of Major Cryptocurrencies - Bitcoin (BTC) has risen by 1.1%, currently trading at $115,350, marking the smallest increase among the top 10 coins [3] - Ethereum (ETH) is up by 2.3%, trading at $4,548, making it the third-best gainer in the top 10 [3] - Solana (SOL) leads the top performers with a 7.1% increase, now trading at $238 [3] Notable Winners and Losers - Provenance Blockchain (HASH) has seen a significant increase of 29.9%, trading at $0.04028, while Pudgy Penguins (PENGU) is up by 9.6% to $0.03791 [4] - On the downside, MYX Finance (MYX) has dropped by 10% to $15.35, and Worldcoin (WLD) has decreased by 2.8% to $1.71 [4] Institutional Activity - US BTC spot ETFs recorded inflows of $552.78 million, while US ETH ETFs saw inflows of $113.12 million, indicating a rotation of smart money back into BTC [2] - Galaxy Digital has reportedly acquired 2.31 million SOL [2] IPO Highlights - Gemini Space Station's IPO raised $425 million, becoming one of the strongest debuts for a digital asset platform, with the offering being over 20 times oversubscribed [5] Market Sentiment and Trends - The market is entering a volatility contraction phase, with ETH's implied volatility hitting multi-week lows [6] - Despite recent turbulence from US CPI data, both BTC and ETH have shown resilience and increased in value [6]